Carnegie Investment Counsel Increases Holdings in Tractor Supply Company $TSCO

Carnegie Investment Counsel boosted its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 14.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 263,179 shares of the specialty retailer’s stock after buying an additional 32,583 shares during the period. Carnegie Investment Counsel’s holdings in Tractor Supply were worth $11,922,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Garner Asset Management Corp acquired a new position in shares of Tractor Supply during the 4th quarter valued at about $25,000. Reflection Asset Management acquired a new stake in shares of Tractor Supply during the 4th quarter worth approximately $26,000. Aventura Private Wealth LLC purchased a new stake in shares of Tractor Supply during the 4th quarter valued at approximately $27,000. Core Wealth Advisors LLC purchased a new position in Tractor Supply in the fourth quarter worth approximately $27,000. Finally, Bayban purchased a new stake in Tractor Supply in the fourth quarter valued at $28,000. 98.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TSCO. TD Cowen reiterated a “hold” rating and set a $38.00 price target (down from $53.00) on shares of Tractor Supply in a research report on Monday, April 27th. Truist Financial set a $32.00 price target on shares of Tractor Supply and gave the stock a “hold” rating in a research report on Tuesday, June 16th. Evercore reissued an “outperform” rating and issued a $40.00 price target on shares of Tractor Supply in a research report on Tuesday. Bank of America initiated coverage on Tractor Supply in a research note on Tuesday, April 7th. They set a “neutral” rating and a $47.00 target price for the company. Finally, Wells Fargo & Company decreased their price target on shares of Tractor Supply from $55.00 to $47.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Thirteen equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $44.62.

Tractor Supply Stock Performance

TSCO stock traded up $0.31 during trading on Friday, hitting $30.43. 5,159,093 shares of the company’s stock traded hands, compared to its average volume of 11,773,303. The stock has a fifty day moving average price of $30.86 and a two-hundred day moving average price of $42.68. The company has a quick ratio of 0.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.86. Tractor Supply Company has a 52 week low of $28.36 and a 52 week high of $63.99. The stock has a market capitalization of $15.96 billion, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 2.31 and a beta of 0.46.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.04). The business had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.64 billion. Tractor Supply had a return on equity of 42.58% and a net margin of 6.91%.Tractor Supply’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 EPS. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. As a group, equities analysts anticipate that Tractor Supply Company will post 2.11 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Wednesday, May 27th. Tractor Supply’s payout ratio is 47.06%.

Tractor Supply Profile

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.